The aim of the consultation is to increase the proportion of funds marketed and sold across the EU.
Deadline for responses is October 2.
Within the consultation, the EC has declared its support of the creation of a Capital Markets Union that in turn supports the fostering of retail and institutional investment of investment funds.
Creating a single market for capital across all 28 member states is viewed by the EC as a key priority with cross border investment funds seen as critical in achieving this.
This latest consultation comes following two ESMA consultations launched in the previous week on distributed ledger technology and participant default rules under CSDR.